New Delhi: Rotomac Global Private Limited cheated a consortium of banks to the tune of Rs 3,695 crore (including interest) by siphoning off loans sanctioned to the company for procurement of wheat and other goods for export. No export was undertaken, though, according to officials of the Central Bureau of Investigation[Read More…]
Mysuru: Attacking the Congress government in Karnataka as a “commission” government, Prime Minister Narendra Modi on Monday said the welfare of the people was never its priority and the state needs a government with “mission” under the BJP to ensure all-round development. Addressing a public rally in the city, the Prime[Read More…]
New Delhi: The Congress on Monday questioned Prime Minister Narendra Modi on as to who facilitated the escape aboard of Punjab National Bank fraud accused Mehul Choksi, who was purportedly declared a proclaimed offender by a Chandigarh court. Congress spokesperson Manish Tewari said: “In this ‘Chhota Modi-Mehul Choksi’ tango, which is[Read More…]
New Delhi: The arrested deputy manager of Punjab National Bank (PNB) has told investigators that he had unauthorisedly obtained Level-5 password to the SWIFT system to authorise issuance of money through Letters of Undertaking (LoUs) and Foreign Letters of Credit (FLCs). Shetty made the startling revelations when sleuths of Central[Read More…]
New Delhi: The Enforcement Directorate (ED) on Monday conducted searches at over 40 more locations in several cities across India in connection with the multi-crore Punjab National Bank (PNB) scam, an official said. The agency raided 10 places in Mumbai, six each in Ahmedabad and Bengaluru, four in Chennai, three[Read More…]
Mumbai: Following the unravelling of the $1.8 billion Punjab National Bank (PNB) fraud, two senior officials of Gitanjali Gems — Chandrakant Karkare and Pankhuri Warange — resigned from the company, according to a regulatory filing with the stock exchanges on Monday. Industry chambers condemn $1.8 bn fraud, rap functioning of[Read More…]
Bengaluru: Karnataka Congress legislator N.A. Haris’ son and expelled state Youth Congress leader Mohammed Nalapad surrendered a day after he was booked on Sunday in an assault case, police said on Monday. “Nalapad surrendered to us at the Cubbon Park police station where a case was booked against him for[Read More…]
New Delhi: Pankaj Phadnis, who has sought the reopening of a probe into the assassination of Mahatma Gandhi, on Monday told the Supreme Court that he has accessed documents that show a “larger conspiracy” behind the murder. Mumbai-based Phadnis told the bench of Justice S.A. Bobde and Justice L. Nageswara[Read More…]
Panaji: Goa Chief Minister Manohar Parrikar, who is being treated at Mumbai’s Lilavati Hospital for a pancreas-related ailment, can be shifted to the US for further treatment, “if need be”, Deputy Speaker and BJP MLA Michael Lobo said on Monday. “We want him. We will do everything we can. He[Read More…]
New Delhi/Kanpur: The CBI on Monday raided several locations in Kanpur in connection with a Rs 800 crore loan default by the Rotomac Pen company’s chief Vikram Kothari, an official said. Kothari is the chairman and MD at the Kanpur-based Rotomac Global Private Limited. Coming close on the heels of the[Read More…]
New Delhi: Prime Minister Narendra Modi on Saturday discussed bilateral cooperation across a range of areas and regional issues during a meeting with Iran President Hassan Rouhani here. Modi welcomed Rouhani at the Hyderabad House here ahead of delegation-level talks between the two sides. “Both leaders held substantive and productive[Read More…]
New Delhi: The Central Bureau of Investigation (CBI) has arrested Punjab National Bank’s retired Deputy Manager, Gokulnath Shetty and two others in a multi-crore bank fraud case, officials said on Saturday. “CBI has Shetty, Single Window Operator Manoj Kharat and authorised signatory of the Nirav Modi Group of Firms, Hemant[Read More…]
Bengaluru: With an eye on Assembly election, due in late April or early May, Karnataka Chief Minister Siddaramaiah on Friday presented a popular state budget for fiscal 2018-19 to please all sections of society. Barring 8 per cent increase in additional excise duty on Indian-made liquor, the budget spared the[Read More…]
Srinagar, Feb 17: Authorities imposed restrictions in parts of Srinagar city on Saturday to prevent a separatist-called protest, police said. The Joint Resistance Leadership (JRL), a separatist conglomerate headed by Syed Ali Geelani, Mirwaiz Umer Farooq and Muhammad Yasin Malik, has called for the protest against shifting of local detainees[Read More…]
Chennai: The Madras high court on Friday green signalled the overseas travel plans of Karti Chidambaram, son of former Union finance minister P Chidambaram, despite strong objections from the CBI in view of pending lookout circulars. However, the relief is not without conditions. Karti has been directed to inform his entire travel plans, including the places[Read More…]
New Delhi, Feb 16: The BJP on Friday rejected what it said was “propaganda” that the Centre has not given Andhra Pradesh the requisite assistance and said it has gone “way beyond” to fulfil all the obligations under Andhra Pradesh Reorganisation Act and will look at the state “sympathetically”. “The[Read More…]
Agartala: Manik Sarkar, who has been Chief Minister of Tripura for the past 20 years and is attempting a fifth term, has accused the Modi government of being in cahoots with the separatist tribal party, Indigenous People’s Front of Tripura (IPFT), and declares that the people of the northeastern state will[Read More…]
Patna: Bihar’s opposition RJD and its ally Congress on Thursday announced that they have reached a seat-sharing arrangement for next month’s bypolls to one Lok Sabha and two assembly constituencies. Addressing a press conference here, Leader of Opposition Tejashwi Yadav, flanked by state Congress President Kaukab Quadri, said that it had[Read More…]
Shillong: Wooing coal miners to vote for the BJP in the upcoming Meghalaya Assembly polls, the BJP on Thursday promised to resume mining in the state, if voted to power. In its Vision Document released by Defence Minister Nirmala Sitharaman, the BJP promised to put back on track the coal mining[Read More…]
Shillong: Defence Minister Nirmala Sitharaman on Thursday blamed the UPA government for the Rs 11,500 crore fraud in the Punjab National Bank blamed on diamond merchant Nirav Modi and said action will be taken against those responsible. “This happened in UPA’s time and has been kept suppressed. It is their gift.[Read More…]
New Delhi: The Congress on Thursday lashed out at Prime Minister Narendra Modi on the Rs 11,500 crore fraud in the PNB and asked him to come clean on the government’s “failure” to prevent the scam and identify those who helped the alleged kingpin, billionaire jeweller Nirav Modi, to flee the[Read More…]
Kolkata: West Bengal Chief Minister Mamata Banerjee on Thursday demanded a thorough investigation into the fraudulent transactions worth $1.8 billion in Punjab National Bank and said she would not let the Central government off the hook until the people’s money is secured. Banerjee said she has written to the Finance[Read More…]
New Delhi: The AAP government has spent an average of Rs 70.5 crore annually in the past three years on advertisements — four times more than the previous government’s expenditure on print, electronic and outdoor advertising, according to an RTI reply. In the first year after assuming office in February 2015,[Read More…]
Kanpur: President Ram Nath Kovind on Wednesday said farmers in different parts of the country need different solutions and that the quality of farm products should be of international standards. “In a country as vast as India, problems of farmers in different regions are different. We will have to find solutions[Read More…]
New Delhi: Days after India launched a mega healthcare scheme covering 40 per cent of its population, Vice President M Venkaiah Naidu on Wednesday said the health outcomes cannot be achieved by the government alone and the private sector has to chip in. “While the government is taking all measures to[Read More…]
